Tomnalossett service station on sale for €1.6m
A busy Enniscorthy shop and petrol station has gone on the market carrying a price-tag of €1.6 million.
The Top Service Station in Tomnalossett, which also houses a Londis supermarket, was listed for sale by DNG property and is being promoted as a wonderful investment opportunity for anyone with those kind of funds available.
Set out in the terms of the sale is that the property is occupied by tenants who are just coming into the third year of a 15 year lease.
Under the terms of the lease, the average yearly rent income for the property is €126,000 per annum, exclusive of VAT.
The building extends to 250sq.m. and has been renovated and modernised to a high standard in recent years.
The development comprises of a shop unit with store, canteen, office and toilet and outside there is a forecourt with 11 petrol and diesel pumps, a car wash and a fuel yard.
In addition to this there are certain undeveloped lands included in the sale.
A rear site has full planning permission for the erection of a single story building of 648sq.m. for retail use which the estate agent says would be ‘ideally suited to hardware, fuel or agricultural supplies and offers further potential for a second rental income.
DNG is expecting significant interest in the property, situated just three kilometres from Enniscorthy, and are encouraging those who may be interested in investing to get in touch right away.